Opinion No.

The Honorable Sharon Trusty State Senator Post Office Box 9026 Russellville, AR 72811

Dear Senator Trusty:

I am writing in response to your request for my opinion on the following questions:

1. Would it be a conflict of interest for an individual who is a board director of both a bank and a nonprofit corporation, which leases a municipal utility from a city, to act on any of the nonprofit corporation's financial affairs which involve the bank where he is a director?

2. If the answer is yes, would a conflict of interest also exist for like members of an intermodal board, economic development board…